Fed Makes Emergency Rate Cut as Markets Tremble Over Coronavirus
The central bank cut interest rates by half a percentage point, its biggest single cut in more than a decade, as a pre-emptive move to protect the economy from the coronavirus. [Source]
Publication Date:Origin: nytimes.com
Category: Interest Rates
Topics: coronavirus, economy, protect, pre-emptive, decade, single, biggest, point, percentage, rates, interest, central, Coronavirus, Tremble, Markets, Emergency, Makes
Source: https://www.nytimes.com/2020/03/03/business/economy/fed-rate-cut.html